LTC Locks Rate on $40 Million Senior Unsecured Notes

June 14, 2016 09:30 AM Eastern Daylight Time

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties, Inc. (NYSE: LTC) announced today that it locked rate
under a private shelf agreement with an insurance company on
$40.0 million of senior unsecured notes with a coupon of 3.99%. The
notes will have an average 10-year life, scheduled principal payments
and will mature in 2031. LTC anticipates selling the notes on or about
July 20, 2016.

LTC is a self-administered real estate investment trust that primarily
invests in senior housing and long-term care properties through
triple-net lease transactions, mortgage loans and other investments. For
more information on LTC Properties, Inc., visit the Company’s website at www.LTCreit.com.

This press release includes statements that are not purely historical
and are “forward looking statements” within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, including statements
regarding the Company’s expectations, beliefs, intentions or strategies
regarding the future. All statements other than historical facts
contained in this press release are forward looking statements. These
forward looking statements involve a number of risks and uncertainties.
All forward looking statements included in this press release are based
on information available to the Company on the date hereof, and the
Company assumes no obligation to update such forward looking statements.
Although the Company’s management believes that the assumptions and
expectations reflected in such forward looking statements are
reasonable, no assurance can be given that such expectations will prove
to have been correct. The actual results achieved by the Company may
differ materially from any forward looking statements due to the risks
and uncertainties of such statements.